Boards are in a time and place of immense opportunities and challenges. How they think, behave, produce, coordinate, and build a relationship with the CEO in the past no longer works for the future. This informative podcast features the research that creates sustainable and replicable successful board dynamics and processes.
Join Devon Lyon, Director of Education for NAFCU, and expert presenter Peter Myers, Senior Vice President for DDJ Myers, as they discuss why developing the next generation of leaders and establishing a leadership program plays an integral part of strategic succession planning and talent management strategy for credit unions.
As credit unions become more complex, their board members are working hard to keep pace by increasing their overall competency and mastery. In addition to speeding up the pace of their decision-making, 35-45% of credit union board members are considering sunsetting their board positions within the next three years. Couple that with the 10% of CEOs who are retiring in the next two years, and the potential for a leadership gap is real!
Readying yourself to be a CEO requires a blend of understanding strategy, organization design, and of course, culture and talent. Exemplary CEOs leverage their strengths and have a granular understanding of the impacts and the unintended consequences of their weaknesses.